Portillo’s (NASDAQ:PTLO) Given “Outperform” Rating at William Blair

William Blair reiterated their outperform rating on shares of Portillo’s (NASDAQ:PTLO) in a report released on Friday morning,RTT News reports.

A number of other equities analysts also recently issued reports on the stock. UBS Group dropped their price objective on shares of Portillo’s from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Baird R W downgraded shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, May 7th. Piper Sandler lowered their target price on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley set a $12.00 target price on shares of Portillo’s in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.71.

Portillo’s Price Performance

NASDAQ PTLO opened at $12.01 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm’s 50 day moving average price is $11.52 and its 200-day moving average price is $11.80. Portillo’s has a 52-week low of $8.38 and a 52-week high of $15.78. The company has a market cap of $898.53 million, a PE ratio of 28.60, a P/E/G ratio of 14.77 and a beta of 1.83.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Portillo’s will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Portillo’s

In other Portillo’s news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $12.23, for a total value of $122,300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.57% of the stock is owned by corporate insiders.

Institutional Trading of Portillo’s

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Portillo’s during the fourth quarter worth about $395,000. Fifth Third Bancorp boosted its position in Portillo’s by 229.0% during the fourth quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock worth $405,000 after acquiring an additional 30,000 shares during the last quarter. Sonora Investment Management Group LLC acquired a new position in Portillo’s during the fourth quarter worth about $98,000. Total Clarity Wealth Management Inc. acquired a new position in Portillo’s during the fourth quarter worth about $165,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Portillo’s during the fourth quarter worth about $2,590,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Portillo’s

Portillo’s Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.